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11.10.201909:01 Forex Analysis & Reviews: Trading plan EURUSD 10/11/2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 11.10.2019 analysis

Positive news strongly turned up the pound. The euro holds growth.

On Thursday, at a meeting of the leaders of Britain and Ireland (Varadkar and Johnson), it was announced that an agreement on the border between Britain and Ireland is possible. This led to a sharp reversal of the pound upward.

Further. On Friday, Trump-China high-level talks on trade are announced and positive is possible (otherwise there would be no point in the meeting).

EURUSD:

Attempts by sellers to sell the euro below the level of 1.1000 were unsuccessful.

We keep purchases from 1.0945 and 1.1005.

Jozef Kovach
Analytical expert of InstaForex
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